New Zealand’s World Dairy Dominance Becomes Its Achilles’ Heel

New Zealand’s World Dairy Dominance Becomes Its Achilles’ Heel

Mark Coote/Bloomberg

Dairy cows rest in the sun at a farm which supplies milk to Fonterra Cooperative Group Ltd., in Otaki, New Zealand. The nation’s dairy industry employs about 45,000 people tending about 6.4 million cows.